Sound internal control activities dictate that extra cash should always be on hand.

Name: Sound internal control activities dictate that extra cash should always be on hand.
Brand: Quizplus
Rating: 4.7 (41 reviews)

Question

Quizplus · Accepted Answer

Sound internal control activities actually dictate that extra cash should be minimized and kept securely locked away. The amount of cash on hand should be limited to what is needed for daily operations and any excess cash should be deposited into a bank account. This reduces the risk of theft or misplacement of cash.

Sound Internal Control Activities Dictate That Extra Cash Should Always